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PhysicsWallah launches Rs 250 Cr Scholarship Fund for JEE/NEET aspirants

EntrackrEntrackr · 1y ago
PhysicsWallah launches Rs 250 Cr Scholarship Fund for JEE/NEET aspirants
Medial

Edtech firm PhysicsWallah (PW) has announced a scholarship fund of Rs 250 crore through its third edition of the NSAT (National Scholarship Common Admission Test) 2024. This initiative aims to help students aspiring to excel in NEET-UG and IIT-JEE exams by providing top-quality education and expert guidance, regardless of their financial situation. The NSAT exam will be held online from October 1 to October 15, 2024; and offline on October 6 and October 13, 2024 at selected centers. The registration for the NSAT 2024 program has officially begun, inviting students from Class VI to XII, including those in PCM and PCB groups. According to PW, the top 1,000 students who excel in these exams will receive a 100% scholarship, including accommodation. Among these, special consideration will be given to the top 500 underprivileged students. Co-founded in 2020 by Alakh Pandey and Prateek Maheshwari, PW offers education at scale across India through online, offline, and hybrid platforms. Its offerings span various educational segments, including schools, test preparation in more than 43 categories, a skilling vertical, higher education, and study abroad (AcadFly). PW has raised $100 million in funding from investors like Westbridge and GSV Ventures.

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PhysicsWallah raises stake in Xylem Learning to 77.27% in Rs 123 Cr deal

EntrackrEntrackr · 8d ago
PhysicsWallah raises stake in Xylem Learning to 77.27% in Rs 123 Cr deal
Medial

News All Stories PhysicsWallah raises stake in Xylem Learning to 77.27% in Rs 123 Cr deal The company’s board cleared the move through a third amendment to the shareholders’ agreement signed with Xylem Learning and its existing shareholders. Kunal Manchanada 18 Dec 2025 18:56 IST Follow Us Edtech firm PhysicsWallah has approved the acquisition of an additional 12.29% stake in its subsidiary Xylem Learning, taking its total shareholding to 77.27%, according to a regulatory filing made on Thursday. The company’s board cleared the move through a third amendment to the shareholders’ agreement signed with Xylem Learning and its existing shareholders. As part of the transaction, PhysicsWallah will acquire 930 equity shares from existing investors for a total cash consideration of Rs 122.9 crore. As per the filings, PhysicsWallah had entered into a shareholders’ agreement with Xylem in June 2023, which was subsequently amended in June 2023 and February 2025, to acquire up to 100% equity ownership in the company over multiple phases. Prior to this transaction, PhysicsWallah held 64.98% of Xylem’s fully diluted equity share capital. Xylem Learning, incorporated in December 2020, operates in the education sector and focuses on preparing students for competitive examinations such as JEE, NEET, and foundation-level courses through online and offline formats. The Kerala-headquartered edtech firm has posted Rs 322.26 crore revenue in FY25. The transaction follows a similar move by PhysicsWallah in another subsidiary, Utkarsh Classes & Edutech. Earlier this month, the company raised its stake in Utkarsh Classes from 63.25% to 75.50% by acquiring an additional tranche of shares for Rs 26.5 crore in cash. Over the past few years, PhysicsWallah has been steadily increasing control over several offline coaching and hybrid education players as part of its inorganic expansion strategy. The company has consistently indicated that such acquisitions are aimed at strengthening its presence in key regional markets and deepening its offline and hybrid education footprint. PhysicsWallah’s operating revenue grew nearly 26% to Rs 1,051.26 crore in Q2 FY26 from Rs 832.17 crore in Q2 FY25. During the period, its profit rose by 70% to Rs 69.7 crore.

Competishun aims to help make IIT-JEE, NEET prep affordable, more accessible

EntrackrEntrackr · 1y ago
Competishun aims to help make IIT-JEE, NEET prep affordable, more accessible
Medial

Edtech space in India is already quite cluttered with a number of startups, including several unicorns, trying to carve out their own piece of the digital classroom pie. The Indian edtech market reported a total revenue of $4.3 billion in 2022, marking a CAGR of 16.8% since 2017, according to a market study. Even as some late-stage edtech firms faced challenges post-pandemic, others like PhysicsWallah have shown promise. VCs too remain optimistic about early-stage firms. One such early-stage firm is Competishun, which competes with platforms like Vedantu and Unacademy, but with an exclusive focus on IIT-JEE and NEET prep. We spoke to the founder and CEO of Competishun Mohit Kumar Tyagi, what distinguishes it from the competition and the roadmap ahead. Here are the edited excerpts: How did you come up with the idea of Competishun? The idea for Competishun emerged from a vision to transform IIT-JEE and NEET coaching methodology by offering comprehensive and effective preparation methods to students across India. We recognized the need for accessible, high-quality training at affordable cost that could level the playing field for all students, irrespective of their financial backgrounds. Please explain how the platform works? Competishun’s platform functions by providing structured online and offlinecourses, study materials, and books for JEE (Main + Advanced) and NEET(UG) preparation. We aim to create a comfortable learning environment for students through online education at an affordable cost. Our platform offers customized online batches based on students’ needs and performance, with doubt-solving counters and 24/7 support via WhatsApp and phone. Additionally, we provide personalized attention to enrolled students through Telegram doubt sessions and live Zoom sessions, ensuring their academic success. What are the key challenges in the industry that have not been addressed yet? And how do you plan to address them? One significant challenge in the industry is the lack of personalized learning experiences and the underutilization of technology. Competishun addresses this by offering adaptive learning algorithms, personalized study plans, and utilizing cutting-edge technology to enhance the learning experience. We strive to provide cost-effective, quality education to all JEE and NEET aspirants at the comfort of their homes, dispelling the myth that online education cannot yield results. Moreover, we aim to counter unethical practices by competitors in the online space, thereby instilling confidence in parents and students regarding online learning. How has your startup performed since inception? What are your short-term and long-term goals? Since its inception, Competishun has witnessed significant growth in terms of user enrollment, JEE Main and Advanced results, course completion rates, and positive feedback from students and educators. We take pride in having assisted thousands of students in achieving their academic goals. In the short term, our goals include expanding our course offerings, enhancing platform features, and strengthening our market presence. In the long term, we envision establishing hybrid study centers across the nation, thereby providing a blended learning experience to students.

PhysicsWallah’s profit surges 70% in Q2 FY26, grants ESOPs worth Rs 500 Cr

EntrackrEntrackr · 16d ago
PhysicsWallah’s profit surges 70% in Q2 FY26, grants ESOPs worth Rs 500 Cr
Medial

Recently listed edtech unicorn PhysicsWallah delivered strong performance in Q2 FY26, posting 26% year-on-year revenue growth. The company’s profit also surged 70% to Rs 69.7 crore during the quarter. PhysicsWallah’s operating revenue grew nearly 26% to Rs 1,051.26 crore in Q2 FY26 from Rs 832.17 crore in Q2 FY25, according to its consolidated financial statement sourced from NSE. While the filing does not disclose a detailed revenue breakup, the company primarily earns from its online and offline courses for JEE, NEET, other engineering exams, and state boards, along with the sale of study materials. It also made Rs 47.14 crore via interest and gains on financial assets which took the overall revenue to Rs 1,098.4 crore in Q2 FY26. On the expense side, employee benefits remained the largest cost centre, accounting for 47.3% of total expenses at Rs 473 crore in Q2 FY26, a 38% rise from the same quarter last year. Depreciation and amortisation expenses stood at Rs 104.7 crore, while advertising costs increased nearly 40% to Rs 84.3 crore during the quarter. Total expenses for the Alakh Pandey-led firm rose 25% year-on-year to Rs 999.55 crore in Q2 FY26 from Rs 800.43 crore in Q2 FY25. Coming to the bottom line, the company’s expanded operating scale pushed its profit up by 70% to Rs 69.7 crore in Q2 FY26. For H1 FY26, the WestBridge Capital-backed company’s revenue grew nearly 30% year-on-year to Rs 1,898.3 crore, while its losses widened 87% to Rs 57.3 crore during the same period. At the end of today’s trading session, the Noida-based company’s share price closed at Rs 135.94, giving it total market capitalization of Rs 38,875 crore ($4.4 billion). Last month, PhysicsWallah made a stronger-than-expected public market debut, listing at Rs 145 per share on the NSE, a 33% premium over its issue price. The Rs 3,480 crore IPO comprised a Rs 3,100 crore fresh issue and an offer for sale of Rs 380 crore. In a separate exchange filing, PhysicsWallah announced a fresh grant of employee stock options under its ESOP 2025 plan, covering 3.67 crore equity shares. Based on the current share price of Rs 135.94, the newly issued ESOPs are valued at around Rs 500 crore.

Gemba Capital launches Rs 250 Cr Fund-II

EntrackrEntrackr · 1y ago
Gemba Capital launches Rs 250 Cr Fund-II
Medial

Gemba Capital, a Sebi-registered micro VC firm, has announced the launch of its second fund with a corpus of Rs 250 crore (around $30 million), including a green shoe option of Rs 50 crore ($6 million). As per Gemba, Fund-II will invest in around 30 early-stage ‘Platform-first’ businesses across fintech, consumer tech and B2B platforms with first cheque of Rs 5 crores and 30% reserve ratio for making follow-on investments. Founded in 2018, Gemba Capital invests at seed and pre-seed stage in scalable tech startups. It has backed over 120 founders across 50 startups in fintech, consumer tech and B2B platforms since its inception. Some of the notable portfolio companies arePlum (Insurtech), Grip Invest, Wint Wealth, Strata, Navadhan, Zuper, Showroom, Smartstaff, ClickPost and LightFury.

Exclusive: Suniel Shetty-backed Klassroom converts into public company

EntrackrEntrackr · 1m ago
Exclusive: Suniel Shetty-backed Klassroom converts into public company
Medial

Snippets Exclusive: Suniel Shetty-backed Klassroom converts into public company Education OTT platform Klassroom Edutech has begun preparing for its initial public offering (IPO), joining the growing list of startups going public, after passing a resolution to convert into a public company. Klassroom’s board passed a special resolution to change the company’s status to a public company and rename it from “Fusion Klassroom Edutech Pvt Ltd” to “Fusion Klassroom Edutech Limited,” according to its filing with the Registrar of Companies (RoC). Founded in 2016 by Alka, Dhruv, and Dhumil Javeeri, Klassroom is an O2O (offline to online) tutoring platform for students from 6th to 12th grade, as well as IIT JEE, NEET, CA, and CS aspirants. The platform has over 200 offline partner centers across 600 cities and over 300,000 online learners. Earlier this year in January, the company secured undisclosed funding in a Pre-Series A funding round led by ah! Ventures, along with participation from LetsVenture. For the fiscal year ended March 2024, Klassroom’s operating revenue remained flat at Rs 4.6 crore, while the company turned profitable with a net profit of Rs 28.5 lakh.

IVY Growth launches Rs 250 Cr Arigato Capital fund

EntrackrEntrackr · 1y ago
IVY Growth launches Rs 250 Cr Arigato Capital fund
Medial

Micro venture capital firm IVY Growth Associates has announced the launch of Arigato Capital, a SEBI-registered Category I AIF Venture Capital (VC) fund, with a target corpus of Rs 250 crore. This sector-agnostic fund is set to invest in startups across a variety of sectors, including agritech, cleantech, generative AI, fintech, consumer brands, and software-as-a-service (SaaS) companies, the fund said in a press release. Arigato Capital aims to begin raising capital in June 2024, with plans to close all commitments over the next 15 to 18 months. The Venture Capital (VC) fund targets a first close at Rs 100 crore and will focus on startups beyond the seed stage or in pre-series A stages, offering an average ticket size of $500,000. Founded by Prateek Toshniwal, Rachit Poddar, Mehul Shah, and Sharad Todi, IVY Growth Associates claims to have invested in over 100 growth-stage startups. The firm has deployed Rs 20 crore from its fund and utilized more than Rs 80 crore from syndicate funds within its network. IVY’s portfolio includes notable brands such as Rupeek, BluSmart, and Zappfresh. In addition to launching Arigato Capital, IVY Growth Associates will host the third edition of its startup summit, 21 BY 72, from June 15 to June 16 in Surat. The summit is expected to attract over 20,000 participants, including more than 200 startup founders, 200 venture capitalists, and over 500 investors.

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